Consolidated financial statement of JSW S.A. Capital Group for 2012

13. Trade receivables and other receivables

	31 Dec 2012	31 Dec 2011
Gross trade receivables	814.9	1,029.9
Minus: revaluation charge	(109.6)	(110.6)
Trade receivables (net)	705.3	919.3
Prepayments and accruals	5	5.3
Prepayments	5	0.5
Receivables related to taxes and social security	105.8	251.3
Other receivables *	199.3	186.8
Total trade receivables and other receivables	1,020.4	1,363.2

* This item presents receivables from municipalities on account of the disputed property tax on underground mine workings, which are PLN 163.8 million as at 31 December 2012 (PLN 163.9 million as at 31 December 2011). It may take more than 10 years to receive these payments.

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air value of trade receivables and other receivables is not significantly different from their book value.
The age structure of the Group's trade receivables is as follows:

	31 Dec 2012	31 Dec 2011
Trade receivables [PLN]	435.5	685.4
Trade receivables [EUR]	206.5	229.7
Trade receivables [USD]	62.5	4
Trade receivables [CZK]	0.8	0.2
Total trade receivables	705.3	919.3

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The age structure of overdue trade receivables which do not show signs of impairment is presented in the table below:

	31 Dec 2012	31 Dec 2011
Up to 1 month	66.8	23.6
From 1 to 3 months	2.4	3.5
From 3 to 6 months	0.5	0.5
From 6 to 12 months	0.7	0.7
Above 12 months	-	1
Total	70.4	29.3

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Changes in the balance of revaluation charge for trade receivables are presented in the following table:

	2012	2011
As at 1 January	110.6	61.6
Charge establishment	21.2	16.6
Utilization of the revaluation charge for uncollectible receivables	(2.7)	(8.0)
Reversal of unused amounts	(19.5)	(8.0)
Acquisition of subsidiaries	-	48.4
As at 31 December	109.6	110.6

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Establishment and reversal of revaluation charges for receivables is shown in administrative costs (the principal) and in other cost/income (overdue interest).